# Wellxai Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wellxai-technologies

- Industry: Insurance
- Headquarters: Dubai, United Arab Emirates
- Website: www.wellxai.com
- Total disclosed funding: $2M
- Latest round: Seed (Jul 26, 2023)
- Investors on record: 8

## About

Based in Dubai, UAE, and founded in 2021 by its CEO, Vaibhav Kashyap, and co-founder Javed Akberali, Wellxai Technologies Limited trading as Wellx, operates as a health and wellness-focused insurtech platform that gives cashback for wellness. In July 2023, Wellx raised USD 2 million in seed funding led by Dubai Future District Fund, with participation from Aditum Investment Management, Annex Investments, DASH Ventures, Loyal Venture Fund Group, Plug and Play Ventures, Plus Venture Capital, and Sanabil Investments.  

Wellxai Technologies Limited lineup of products, includes insurance plans integrated with fitness devices and subscriptions from brands like WHOOP, a device that helps to optimize sleep, and performance; Fitbit, a brand in wearable technology that enables users to monitor daily activity and track workouts to reach fitness goals. The company also offers mobile applications that track and display the user's wellness progress, and help to earn xCoins, which can be utilized to avail discounts and offers within the Wellx platform.

The company plans to use the July 2023 seed funding to grow its team and expand its market.

## Funding rounds

- Seed, Jul 26, 2023, $2M — Plug and Play, DASH Ventures, Loyal Venture Fund Group, Plus Venture Capital, Sanabil Investments, Aditum Investment Management, Dubai Future District Fund, Annex Investments

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- DASH Ventures (https://capitalatlas.ai/funds/dash-ventures) — Seed
- Loyal Venture Fund Group (https://capitalatlas.ai/funds/loyal-venture-fund-group) — Seed
- Plus Venture Capital (https://capitalatlas.ai/funds/plus-venture-capital) — Seed
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Seed
- Aditum Investment Management (https://capitalatlas.ai/funds/aditum-investment-management) — Seed
- Dubai Future District Fund (https://capitalatlas.ai/funds/dubai-future-district-fund) — Seed
- Annex Investments — Seed